According to the OECD's Principles of Corporate Governance Board Directors

question 37

True/False

According to the OECD's Principles of Corporate Governance Board Directors of a group are required to act "…in good faith … in the best interests of the company and its creditors."

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Definitions:

Rental Price

The cost paid periodically by a lessee to use the assets of another entity.

Marginal Product

The additional output that is produced by using one more unit of a factor of production, all other inputs remaining constant.

Profit

Total revenue minus total cost.

Diminishing Marginal Product

The principle that as more of a variable input is added to a fixed input, the additional output produced from each new unit of input will eventually decrease.